The Purchase Order Module
The CHAMPS Purchasing component provides flexible full-function enterprise capabilities assisted by user defined workflow routing to help speed decisions throughout the organization.
Purchase orders play a major role in the inventory management process. When the supplier receives the PO, they will take the items listed in the PO from their inventory. The PO helps keep a record of the inventory on hand and identify any discrepancies between the values shown in the records and the actual stock.
Features and Functions
The Purchase Order module includes the date of the order, FOB shipping information, discount terms, names of the buyer and seller, description of the goods being purchased, item number, price, quantity, and the PO number. Purchase order can be subject to approval and clearance.
CHAMPS Purchasing allows three-way matching of the purchase order, parts received, and the vendor's invoice. The system also provides for discrepancy tracking and variance approval.
